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Showing 91 - 100 of 4763 results for "Results"

AMP provisions $50m in response to class action

ANDREW MCKEAN  |  THURSDAY, 10 AUG 2023
... and Wealthstone faced losses of $813,560 and $115,533, respectively. The announcement came after AMP unveiled its 1H23 results, whereby the company reported an underlying Net Profit After Tax (NPAT) of $112 million, closely mirroring its 1H22 performance. ...

Liquidate $250bn Future Fund, says think tank

CASSANDRA BALDINI  |  THURSDAY, 10 AUG 2023
... the principal, with only the net investment returns being allocated for their designated and specific purposes. "This results in a different investment risk profile for the children of Future Fund, essentially capital preservation, and is reflected through ...

Former advisers costs CBA $1.2bn in remediation

KARREN VERGARA  |  WEDNESDAY, 9 AUG 2023
... bad advice remediation bill represented a small fraction of its whopping $10.2 billion profit, the full-year financial results show. The total customer remediation amounted to a huge $2.6 billion in the 2023 financial year, of which the lion's share ...

Sequoia hires chief operating officer

JAMIE WILLIAMSON  |  TUESDAY, 8 AUG 2023
... company to new levels of success," Sequoia said. In announcing the appointments, Sequoia also provided unaudited headline results ahead of its official results later this month. It said revenues of about $130 million are expected, as well as EBITDA of ...

Charter Hall REIT cops $198m loss

KARREN VERGARA  |  TUESDAY, 8 AUG 2023
... $198 million loss as substantial devaluations in the commercial real estate sector materialise in the 2023 financial year results. The Charter Hall Long WALE REIT (CLW) made a whopping 122% loss after raking in a profit of $911.9 million in the prior ...

Link Group to cop $418m loss

JAMIE WILLIAMSON  |  THURSDAY, 3 AUG 2023
... in the second half of FY23, with a gain of $280.3 million expected when the sale completes in FY24. Link added that its results will also be impacted by a gain of about $407 million related to the divestment of PEXA, a non-cash impairment of -$368 million ...

NGS ahead of schedule on net zero strategy

RACHEL ALEMBAKIS  |  FRIDAY, 28 JUL 2023
... those things, but it always comes back to the best interest test." NGS expects to have its decarbonisation process and results audited by KPMG in October.

Aware Super, Challenger partner for DB solution

JAMIE WILLIAMSON  |  WEDNESDAY, 26 JUL 2023
... Australia, is significant," Hamilton said. The deal will be reflected in Challenger's Q1 FY24 lifetime annuity sales results, it said. The group's Q3 FY23 results showed lifetime annuity sales increased 36% to $147 million, however institutional ...

Insurance firms defy inflationary shocks

KARREN VERGARA  |  WEDNESDAY, 26 JUL 2023
... advice firms that specialise in life insurance are experiencing solid demand from buyers, according to the latest Radar Results figures, which values them higher compared to a year ago. A risk firm with clients aged 55 to 60 years old is currently selling ...

Colonial First State chalks up strong super returns

ANDREW MCKEAN  |  THURSDAY, 20 JUL 2023
... provided CFS's MySuper products with the resources, insights and investment services needed to deliver outstanding member results," the spokesperson said. Colonial First State chief investment officer Jonathan Armitage also attributed investment ...